Latest news with #GreatLakesDataRacks
Globe and Mail
21-07-2025
- Business
- Globe and Mail
VRT's Buyout of Great Lakes Boosts Prospects: A Sign of More Upside?
Vertiv 's VRT cloud and AI-infrastructure business spans across thermal, power and integrated rack systems, supporting high-density compute environments in data centers, communication networks and edge deployments. VRT's solutions enable scalable, energy-efficient infrastructure that reduces deployment complexity and supports critical digital operations for global enterprises. Vertiv recently entered into an agreement to acquire Great Lakes Data Racks & Cabinets for $200 million in cash. Great Lakes is a U.S.-based manufacturer of custom, engineered-to-order enclosures with expertise in airflow, cable management and thermal optimization. Its U.S. and European manufacturing presence supports fast, tailored delivery for high-density enterprise, edge and hyperscale environments. The deal, valued at approximately 11.5X of Great Lakes' projected 2026 EBITDA, is expected to close in the third quarter of 2025, subject to regulatory approvals. The acquisition is expected to enhance Vertiv's Integrated Rack Solutions segment, which delivers pre-engineered systems combining enclosures, power and cooling. Integrating Great Lakes' enclosures enables Vertiv to offer factory-assembled, AI-ready racks that improve deployment speed and scalability across next-gen data centers. As AI and edge-computing infrastructure scales globally, the acquisition positions Vertiv to capture a greater share of demand for integrated, high-density systems, reinforcing its role as a core enabler of digital transformation. Vertiv Faces Stiff Competition Vertiv's expanding focus on AI-ready rack systems is drawing competition from players like Super Micro Computer SMCI and nVent Electric NVT, both scaling their infrastructure offerings to meet the needs of next-gen data centers. Super Micro Computer is deepening its NVIDIA and Intel partnerships to deliver optimized, high-density server racks tailored for AI workloads. With growing demand for liquid-cooled, rapid-deployment systems, Super Micro Computer is positioning itself as a key player in turnkey AI infrastructure. nVent Electric is gaining relevance with modular enclosures and engineered thermal integration. Known for serving edge and data center markets, NVT continues to expand its portfolio to address AI-related demands. As Vertiv enhances its rack capabilities through the Great Lakes acquisition, nVent Electric remains a core competitor in scalable, enclosure-driven infrastructure solutions. Vertiv's Share Price Performance, Valuation and Estimates VRT's shares have increased 13.6% year to date. The broader Zacks Computer & Technology sector has appreciated 9.6% and the Zacks Computers - IT Services industry has plunged 10.2% in the same period. VRT Performance Image Source: Zacks Investment Research Vertiv stock is trading at a premium, with a trailing 12-month Price/Book of 18.45X compared with the Computer and Technology sector's 10.44X. VRT has a Value Score of D. VRT Valuation Image Source: Zacks Investment Research The Zacks Consensus Estimate for second-quarter earnings is pegged at 83 cents per share, up by a penny over the past 30 days, indicating 23.88% year-over-year growth. The consensus mark for 2025 earnings is pegged at $3.56 per share, up by a penny over the past 30 days. This indicates a 24.91% increase from the reported figure of 2024. Vertiv currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. One Big Gain, Every Trading Day To help you take full advantage of this market, you're invited to access every stock recommendation in all our private portfolios - for just $1. Zacks private portfolio services that closed 256 double and triple-digit winners in 2024 alone. That's about one big gain every day the market was open. Of course, not all our picks are winners, but members have seen recent gains as high as +627% +1,340%, and +1,708%. Imagine how much you could profit with a steady stream of real-time picks from all our services that cover a number of strategies to suit a variety of investing and trading styles. See Stocks Now >> Click to get this free report Super Micro Computer, Inc. (SMCI): Free Stock Analysis Report nVent Electric PLC (NVT): Free Stock Analysis Report Vertiv Holdings Co. (VRT): Free Stock Analysis Report
Yahoo
17-07-2025
- Business
- Yahoo
Vertiv Buys Rack Solutions Provider To Enhance AI Infrastructure
Vertiv Inc. (NYSE:VRT) announced Thursday that it has agreed to acquire Great Lakes Data Racks & Cabinets for $200 million, a move designed to strengthen its leadership in the expanding AI and edge computing markets. The transaction is expected to close in the third quarter of 2025. This acquisition will enhance Vertiv's ability to deliver pre-engineered, AI-ready rack solutions for data centers, enterprise, edge, and hyperscale computing markets. Great Lakes, established in 1985, operates manufacturing facilities in the U.S. and Europe. It specializes in customizable data racks, seismic cabinets, and cable management solutions. Also Read: Vertiv's CEO, Gio Albertazzi, noted that this deal will not only streamline sourcing and improve operational efficiency but also increase scalability for AI and edge computing applications. He emphasized, 'Great Lakes strengthens Vertiv's position as a premier technology solutions provider in the AI infrastructure environment.' By integrating Great Lakes' expertise, Vertiv will be able to offer faster deployment, more efficient sourcing, and enhanced solutions for critical digital infrastructure. The acquisition is also expected to generate significant cost synergies and cross-selling opportunities. The deal is still subject to regulatory approvals under the Hart-Scott-Rodino Antitrust Improvements Act. Vertiv held cash and cash equivalents of $1.467 billion as of March 31, 2025. Price Action: VRT shares are trading higher by 4.78% to $131.39 at last check Thursday. Read Next:Photo via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Vertiv Buys Rack Solutions Provider To Enhance AI Infrastructure originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
